SRE Group Limited (HK:1207) has released an update.
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SRE Group Limited has successfully completed the transfer of a 51% equity interest in Shanghai Jinxin, releasing the first installment of RMB2 billion to vendors. Additionally, the company has settled its obligations under a Syndicated Loan, fulfilling all conditions of the Enforcement Settlement Agreement. This progress in asset disposal and debt settlement marks a significant move for SRE Group, impacting its financial stability and future market engagements.
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